Brown Advisory Inc. Has $309,000 Stock Holdings in GXO Logistics, Inc. (NYSE:GXO)

Brown Advisory Inc. grew its holdings in shares of GXO Logistics, Inc. (NYSE:GXO) by 7.2% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,899 shares of the company’s stock after buying an additional 531 shares during the quarter. Brown Advisory Inc.’s holdings in GXO Logistics were worth $309,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. GAMMA Investing LLC raised its position in shares of GXO Logistics by 57.0% in the first quarter. GAMMA Investing LLC now owns 832 shares of the company’s stock valued at $33,000 after purchasing an additional 302 shares during the period. Treasurer of the State of North Carolina increased its holdings in GXO Logistics by 0.6% during the 4th quarter. Treasurer of the State of North Carolina now owns 51,616 shares of the company’s stock worth $2,245,000 after acquiring an additional 330 shares during the period. Whittier Trust Co. of Nevada Inc. increased its holdings in GXO Logistics by 33.7% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 1,380 shares of the company’s stock worth $60,000 after acquiring an additional 348 shares during the period. State of Alaska Department of Revenue increased its holdings in GXO Logistics by 2.8% during the 1st quarter. State of Alaska Department of Revenue now owns 14,004 shares of the company’s stock worth $547,000 after acquiring an additional 380 shares during the period. Finally, Belpointe Asset Management LLC increased its holdings in GXO Logistics by 8.9% during the 4th quarter. Belpointe Asset Management LLC now owns 5,728 shares of the company’s stock worth $249,000 after acquiring an additional 470 shares during the period. 90.67% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Citigroup boosted their price target on shares of GXO Logistics from $56.00 to $59.00 and gave the stock a “buy” rating in a research note on Wednesday, July 9th. Wells Fargo & Company boosted their price target on shares of GXO Logistics from $48.00 to $57.00 and gave the stock an “overweight” rating in a research note on Monday, July 7th. JPMorgan Chase & Co. boosted their price target on shares of GXO Logistics from $52.00 to $56.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 8th. Stifel Nicolaus boosted their price target on shares of GXO Logistics from $63.00 to $67.00 and gave the stock a “buy” rating in a research note on Monday, June 23rd. Finally, Susquehanna reissued a “positive” rating and issued a $58.00 price target (up previously from $57.00) on shares of GXO Logistics in a research note on Tuesday, June 24th. Four analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $57.43.

GXO Logistics Price Performance

Shares of GXO Logistics stock opened at $51.50 on Wednesday. The stock has a market capitalization of $5.89 billion, a price-to-earnings ratio of 83.06, a price-to-earnings-growth ratio of 1.90 and a beta of 1.64. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.78 and a current ratio of 0.78. The company has a fifty day moving average of $44.53 and a 200-day moving average of $41.52. GXO Logistics, Inc. has a 52-week low of $30.46 and a 52-week high of $63.33.

GXO Logistics (NYSE:GXO) last announced its quarterly earnings results on Wednesday, May 7th. The company reported $0.29 earnings per share for the quarter, beating the consensus estimate of $0.26 by $0.03. The business had revenue of $2.98 billion during the quarter, compared to analysts’ expectations of $2.94 billion. GXO Logistics had a net margin of 0.61% and a return on equity of 10.49%. The firm’s revenue for the quarter was up 21.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.45 EPS. Equities research analysts expect that GXO Logistics, Inc. will post 2.49 EPS for the current year.

GXO Logistics Profile

GXO Logistics, Inc, together with its subsidiaries, provides logistics services worldwide. The company provides warehousing and distribution, order fulfilment, e-commerce, reverse logistics, and other supply chain services. As of December 31, 2023, it operated in approximately 974 facilities. The company serves various customers in the e-commerce, omnichannel retail, technology and consumer electronics, food and beverage, industrial and manufacturing, consumer packaged goods, and others.